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PEGAS, the pan-European gas trading platform operated by Powernext, registered a total volume of 123.4 TWh in April 2017, fuelled by the spot segment with 63.4 TWh.
Spot trading volumes in April reached 63.4 TWh, an increase of 28 per cent compared to the previous year (49.5 TWh).
On the Dutch market area TTF, 16.1 TWh were traded, which represents a growth of 18 per cent compared to April 2016 (13.6 TWh).
The German delivery zones registered a total volume of 24.0 TWh (April 2016: 24.6 TWh), and trading of quality-specific spot contracts totalled 7.8 TWh.
The
- 03/05/2017
The European Energy Exchange (EEX) achieved a total volume of 220.7 TWh on its power derivatives markets in April 2017, compared with 416.3 TWh in April 2016.
A volume of 0.1 TWh was traded in the new German power futures which EEX launched on 25 April, while trading volumes in Phelix power futures for the German-Austrian price zone amounted to 171.1 TWh (April 2016: 266.8 TWh).
The April volume comprises 121.0 TWh traded at EEX via Trade Registration with subsequent clearing. Clearing and settlement of all exchange transactions was executed by European Commodity Clearing (ECC).
On the EEX
- 03/05/2017
New research by FIS, a global leader in financial services technology, shows boutique asset managers can gain an edge despite the challenges of maintaining active strategies. In an industry increasingly dominated by the success of passive products, boutique asset managers hold a generally positive outlook for the future of active investment management, as revealed in a report commissioned by FIS and produced by Aite Group.
The new report, “The Active Edge: Boutique Asset Management” presents the results of an in-depth qualitative study of boutique investment strategies in the context of the asset management universe and global financial ecosystem.
Based
- 02/05/2017
Neuberger Berman has appointed Jonathan Bailey as head of environmental, social and governance (ESG) investing.
Bailey is based in New York and reports to Joseph Amato, president, Neuberger Berman.
In this role, Bailey will work with the firm’s investment teams and research departments to further incorporate ESG principles into the equities, fixed income and alternatives platforms. He will help portfolio managers consider ESG as part of their analytical approach to evaluating companies and markets. He will also chair the firm’s ESG Investment Advisory Committee.
“As a firm, we have a deep history in ESG investing, going back to
- 02/05/2017
Blockchain specialist nChain has appointed Bitcoin Foundation executive director Jon Matonis as vice president of corporate strategy.
Matonis (pictured) will support nChain's business growth by developing commercial relationships, and evaluating opportunities for strategic investments and acquisitions.
Matonis is widely recognised as a leading Bitcoin researcher and is a non-executive board director for several notable companies in the space. Since 2012, his technology and security writings have appeared in publications such as Forbes, CoinDesk, Bitcoin Magazine, American Banker, and PaymentsSource.
Matonis is also a founding director for the Bitcoin Foundation which served as the industry's first non-profit trade association
- 02/05/2017
Jeffrey Brummette, one of the founding partners of Rubicon Fund Management, portfolio manager for the Rubicon Global Fund, a discretionary global macro fund, is re-joining the firm as head of marketing.
Brummette will also assume the role of CIO for the recently launched Rubicon Dynamic Fund and will have responsibility for the marketing and future growth of the fund.
As one of the founding partners Brummette played a key role in developing the business and the Rubicon Global Fund from its inception in 1999. He left the firm in 2007 to pursue other interests, including a spell at Strategic Fixed
- 02/05/2017
While all hedge fund strategies were up last week, special situations outperformed as their cyclical and turnaround positions surged, according to Lyxor’s latest Weekly Hedge Find Brief.
CTAs’ strong long equity exposure meanwhile, offset losses in their short Euro and in their long Euro bonds.
By contrast, hedges and relative positioning in global macro and L/S equity funds capped the upside.
Lyxor’s cross asset research team writes: “Markets and hedge funds were also supported by an upbeat earning season. In Europe, the fading political risk benefitted most reporting companies, with less regards to their fundamentals. Stocks rose across
- 02/05/2017
BT has completed the acquisition of IP Trade, a provider of unified communications and collaboration solutions for trading floor environments and command-and-control dispatch centres, following approval by the UK’s Competition & Markets Authority (CMA).
As announced on 1 February, the acquisition of IP Trade will improve BT customers’ ability to unify trading and control room communications.
Teams will be able to collaborate across complex, global communities more effectively, using a blend of speech, video and messaging with the broadest range of fixed and mobile devices and applications.
Technology and operations groups will be able to integrate their enterprise
- 02/05/2017
- 02/05/2017
Hatteras Funds, a provider of alternative investment solutions for financial advisors and their clients, has formed a partnership with private capital firm Portfolio Advisors to serve as sub-adviser for the Hatteras Core Alternatives Fund.
In 2003, Hatteras Funds created the Core Alternatives Fund to deliver the potential return enhancement produced by a diversified, seasoned evergreen private investment programme complemented by the risk mitigation benefits of a portfolio of hedge funds.
Hatteras Funds recently communicated with advisers and investors that the core fund’s sub-adviser change was a necessary step to improve the fund’s performance and fulfil its commitment to investors.
- 02/05/2017
Broadridge Financial Solutions has appointed Eric Bernstein as president of Broadridge Investment Management Solutions.
Broadridge Investment Management Solutions supports more than 225 global hedge funds, asset managers, family offices, fund administrators and prime brokers.
Its modular suite of investment management solutions combines portfolio management, order management, risk management, reference data management, data warehouse reporting and reconciliation functionality in a single, multi-asset, completely integrated application.
“Eric brings nearly two decades of experience in global businesses serving the asset management and capital markets segments and is a proven leader in building strategic client relationships,” says Charlie Marchesani, president of the global
- 02/05/2017
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